The Department of Economic Development has announced the appointment of Paul Maddocks as Business Development Manager to its Financial Services team.
 
John Garland, Head of Corporate Financial Services, Department of Economic Development commented:
 
‘Paul will be responsible for managing the development and implementation of a programme designed to generate additional business for the Isle of Man through strengthening our business links with the UK regions, particularly the North of England, Scotland and Northern Ireland. 
 
‘He will also be working closely with existing financial services businesses on the Island to help develop and improve the Isle of Man’s competitive proposition to ensure their continued success.’
 
The Department has undertaken a number of initiatives this year to strengthen ties with the UK regions.
 
For example, it led a significant Public/Private sector delegation at the International Festival for Business in Liverpool earlier this year and the Financial Services team has supported the Island’s Fund Management sector at recent events in Scotland and the North of England.
 
The Department has also signed Memorandums of Understanding this year with Northern Ireland’s Department of Enterprise and Liverpool Vision.
 
Paul Maddocks has worked for 14 years within the Isle of Man’s Financial Services industry. This includes management positions within a major international banking group.
 
Paul Maddocks commented:
 
‘I’m looking forward to helping raise the Isle of Man’s profile in the UK regions in order to build awareness of the Island as an International Business Centre with a successful and diverse economy.’